Case interviews have traditionally been used by top consulting firms like bain and mckinsey, but more and more companies are beginning to use this method in their hiring practices. Weve got tons and tons of free material on how to ace your case interview, as well as the questions below. Today, we will focus on 6 types of consulting case interview frameworks. Use features like bookmarks, note taking and highlighting while reading quickie case interview prep guide. One of the most widely well known consumer product companies in the world is apple. Do real life practice cases with other people, its much more effective than just learning by yourself. We hate frameworks since they prepare you for nothing useful. From frameworks to math to case creativity, we break it all down with expert videos to boot. Memorizing frameworks and lists of questions may help you get started on your case interviews, but they eventually drive your offers away. As i mentioned, the difference between a framework and. As i have been asked by quite a lot of people to share some frameworks, i will use the next 3 posts to walk you through the most frequently used frameworks in the case interview. You should develop a framework for assessing case interview questions which can. Remember, a case interview isnt about getting the answer right as much as it is about showing the interviewer that you can think like a consultant.
Specifically, in this case interview framework, we break profit down into revenue and cost. Draw out as mece mutually exclusive, collectively exhaustive a framework tree. After analyzing the target industry, understand the target company. How to prepare for a case interview mcgill university. Hi, this is kim, a former mckinsey consultant and the founder of the platform management consulting prep. This information is provided to you for free for noncommercial use. The most popular case interview frameworks explained with example.
Pricing is sensitive and companies are not always as successful as startbucks in. This is also the hardest part, as you dont have time to do deep analyses. So here is the hard truth about case interview frameworks. Pdf harvard business school management consulting club. Within both case styles, there can be a mixture of case interview types. Case interview mece framework shapes how consultants in the mbb approach their clients problems and figure out an effective and comprehensive solution. For instance, startbucks recently increased its coffee prices by 1% which resulted in a 25% net income increase in the quarter. Your success in a case interview will not depend on identifying the.
Frameworks remain important as concepts to answer case studies, but you should. Be careful not to force a framework onto t he problem. Use a relevant framework to structure and prioritize. The idea behind this wellknown framework is to mathematically break down profit until you have gathered enough information to conclude, or to switch to a more qualitative framework. You will spend most of the time during your case interview analyzing the case problem. The following is an example of a reallife case a student received and my advice on how to go about solving the case step by step. Case interview frameworks templates for drawing great issue. Download it once and read it on your kindle device, pc, phones or tablets. Ebit operating profit, ebitda, free cash flow, internal rate of return, net. Keep in mind that case questions help educate you during your job search by acting as a selfimposed screening device. Technique refers to the way you solve cases, and i am guessing you are framework obsessed since that is the way most people work. Case interview marathon workshop victor chengs case interview core frameworks v1. During a case interview, an interviewer presents a situation or case.
Case interview secrets book issue tree diagram,c victor cheng caseinterview com. Ive read victor chengs case interview secrets and listened to loms. We have created a video very specifically on the topic you asked. If youve done any research on case interview frameworks, youll find that my approach is a bit different than what you might see elsewhere other case interview prep resources often will give you dozens of frameworks to use in your preparation. Your task is not simply to answer the questions, but to build a relationship with the client, find out critical pieces of information that may have not been. When solving cases in case interview, framework is what candidates first think of.
Case interview frameworks in hd video masterthecase. Pricing strategy is one of the easiest levers ceos can pull to increase profits in their company. Case interview how to solve a market entry case interview march 17, 2017 december, 2019 administrator 0 comments case interview, eclectic paradigm, exporting, foreign direct investment, franchising, greenfield, industry analysis, joint venture, joint ventures, licensing, market entry, market entry case, oli, pestel, porters. The difference between a framework and a system is that a framework is a tool. While you are reading those frameworks and related examples, keep in mind that no framework is the skeleton key to all case interviews. I also want to sign up to the free case interview email course. Many books and online sources offer frameworks on the most common business. I have a question regarding a case i had in an interview with at kearney last month. Help us reach 50,000 youtube subscribers at and keep making everything available for free. Example using the nonprofitability framework in a case interview. Case interview fundamental case interview mece mece, pronounced mee see, is a concept commonly used in top consulting firms such as mckinsey, bcg or bain. However, sometimes it is necessary to form your own framework. But here is the thing about pricing getting it right is extremely difficult. We recommend starting with our free case interview guide and the video series below 5 videos, totaling 30mins.
The case interview is a partnership between the interviewer and the applicant where the interviewer is the client in the consulting engagement. Learn how to prepare for the case interview and get a management consulting offer. You need to be able to quickly assess what analyses are important. Its not the best guide on how you should approach the cases, however. I recommend rereading and relistening cheng every 1015 live cases you do youll find many new things there in addition to cheng it may help. Frameworks may or may not be appropriate for the case you are given. Free for your personal use free to distribute freely to others provided content and attribution left unaltered.
You need to focus on understanding cases from first principles and building frameworks from nothing but the original case interview questioninformation. However, a general understanding of the various frameworks. It is a perfect overview of case interview frameworks with the right level of detail in order to really understand the concept behind. Whether freestanding or as part of a case, learning how to make backof. Try to determine its strengths and weaknesses see swot analysis and perform a financial valuation to determine the attractiveness of the potential target. Case interview frameworks how to structure your case. Hi, viktor cheng material is good, however, it is definitely not enough to pass the interview. The 2 case interview styles are interviewerled and intervieweeled cases. When youve worked through 5 cases on your own, youre ready.
Harvard business school management consulting club case interview guide harvard business school management consulting club case interview guide. You will find cases on a variety of topics such as market sizing, pricing, profitability and growth strategy. They are some of the most read, containing the most fundamental knowledge to be successful in case interview at the end of the article, i will also giveaway exclusive resources to help you on your course of training. We always strive to get better and to bring original case interview perspectives in the most intuitive and easytofollow way possible. Fixed cost price variable cost debt ratio total debt total assets debttoequity ratio total debt total equity four cs marketing from a customers point of view. He simply states to take the business situations framework and apply it to the meger case, first analyzing the acquiror, then. Preparing for case interviews office of career strategy. The case study interview has long been the preferred method for recruiters hoping to glean insight into a candidates real talent. The structure of a framework allows the user to break down a problem into its. And in case interview secrets, cheng only provides 3 frameworks, namely the profitability framework, the business situation framework, and the merger and acquisition framework that are able to cover 70% of cases you will likely receive. Nail the interview by preparing your hard and soft side. Bcg matrix case interview framework management consulted.
Here is a bcg matrix example of how some of apples products could be categorized using the matrix. To land a management consulting job at any of the top firms, including mckinsey, bcg, bain, deloitte, l. Whats the best source to learn case interview from the. And especially for top tier mbb you should know that they put a lot of importance on the fit part of your interview, so in my preparations i. If you found this post useful, i suggest becoming a registered member its free to get access to the materials i used to pass 60 out of 61 case interviews, land 7 job offers, and end up working at mckinsey members get access to 6 hours of video tutorials on case interviews, the actual frameworks i used to pass my interviews, and over 500 articles on case interviews. In addition, the stepbystep implementation guide for those frameworks helped me a lot to really use the frameworks in my case interviews. Join our free 7day course to go beyond the basics and learn how to answer any case interview question even of case types and industries you havent seen before. Finally, if after watching the videos and studying the free case interview guide you feel like you need more support, you can also check our case interview training programme. Crafting cases consulting case interview preparation. The ivy case system is the most sensible and comprehensive case interview strategy you can learn. Regarding your question about the deloitte case interview, i wrote a detailed note of my view on categorizing cases based on firms in this bcg case interview article.
In this article, i have synthesized a comprehensive list of all must read case interview books for every managementconsultanttobe. Porters five forces has become an incredibly well known framework in the. What are the best free, online resources and processes to. These materials provided on an as is basis with no warranty or guarantee expressed or implied. Bad experience with victor cheng case interview material. Use a relevant framework to structure and prioritize ask clarification questions think out loud give examples. My approach is different in that i have found it easier to master just 34 key frameworks that apply to the vast majority of cases. The company owns several product lines that can be categorized into different categories across the bcg matrix. What is the best way to learn frameworks for my case. You are technically calculating the npv of the company but this calculation likely is not going to be asked in the case interview. Case interviews are most often used by consulting firms, as well as some. How to prepare for a case interview what is a case interview.
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